Oakwood Hospital & Medical Center

The Need

Oakwood Hospital wanted to maintain a “true” count of what products were on hand and what products were turning over the fastest. They also wanted to accurately track the inventory's expiration dates to increase inventory efficiency and decrease cost by eliminating waste.

The Results

Since implementing STANLEY Healthcare's SpaceTRAX, Oakwood Hospital has used inventory data to effectively negotiate a reduction in average device procedure costs exceeding 15%. The staff knows how much product is expired, expiring in 30 or 120 days and now has 0% expired product in inventory.

Related Solutions

“Before SpaceTRAX, we spent too much time managing inventory! This product was a very valuable asset to our facility, allowing us to achieve higher productivity by the staff with respect to inventory.”

Steve Le Moine

Director of Cardiology Services

Oakwood Hospital & Medical Center

“The ROI was achieved immediately. Identifying excess, improving efficiency and eliminating waste increases profits. With such a low monthly operating cost, it only takes 2 or 3 catheters to pay for the program.”